I'm trying to understand the new regulation for Zurich city regarding public housing (link here ), unfortunately my broken german doesn't help much.
I understood that they have set this 70'000.- CHF limit on the taxable income, which could be surpassed up to 15% in case the amount does not surpass 6 times the gross rent.
Have a couple of questions:
- Is my understanding right?
- When it says 6 times the gross rent, is it yearly rent?
- Suppose I have a taxable income slightly above the 70000 + 15%, let's say 70000 + 20%, but definitely below 6 times the yearly rent. What would happen?
Nope, not even close. The 15% is a percentage of available flats... so not more than 15% of flats should be rented out to people who make more than 70k.
In simple terms: if you make more than the average are the city owned properties not meant for you.
In any case, even as an EU citizen there is a requirement that you establish economic viability within five years to get permanent residency. So I have a feeling applying for social/public housing would make the right statement.